Marketplace: Economy Hands Gen Y Rude Awakening, August 2009

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They graduated, they came, they conquered. That was the typical path of the so-called “Millennials”, or Generation Y. But those 20-something-year-olds are also mockingly referred to as the “Entitlement Generation,” coddled children who grew up to be demanding employees. In the first quarter of this year, they were hit with a 5 percent decline in jobs. The biggest of any age group, according to a Merrill Lynch survey.

Gigi Douban reports on how recent graduates are adjusting their expectations and their egos.

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